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The Virginia Clean Economy Act of 2020 directs the construction of 16,100 MW of solar power and onshore wind by 2035, bringing the state's utility-delivered power to 100% renewable energy by 2045. [7] The Spotsylvania Solar project is the largest in the state, with four phases completed in 2020 and 2021 totaling 617 MWdc capacity. [8]
Those who install residential solar panels or solar battery systems (with at least 3 kilowatt-hours of capacity) will qualify for a 30% tax credit for installations until Dec. 31, 2034. This ...
Solar Renewable Energy Certificates (SRECs) or Solar Renewable Energy Credits, are a form of Renewable Energy Certificate or "green tag" existing in the United States of America. SRECs exist in states that have Renewable Portfolio Standard (RPS) legislation with specific requirements for solar energy, usually referred to as a "solar carve-out". [1]
Policymakers also introduced new mechanisms to spur the demand of new wind turbines and boost the domestic market, including a 1.5 cents per kilowatt-hour tax credit (adjusted over time for inflation) included in the 1992 Energy Policy Act. Today the wind industry's main subsidy support comes from the federal production tax credit.
Families installing efficient electric heat pumps can receive a tax credit of up to $2,000 and save $500 annually on energy costs. Home efficiency improvements such as doors and windows can ...
The state of Virginia is sending out tax rebate checks to qualified residents, just days before the state’s 2023 General Assembly elections. On Sept. 13, Republican Gov. Glenn Youngkin signed ...
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